General Electric (NYSE:GE) Stock Position Raised by James J. Burns & Company LLC

James J. Burns & Company LLC raised its position in shares of General Electric (NYSE:GE) by 65.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,846 shares of the conglomerate’s stock after buying an additional 731 shares during the quarter. James J. Burns & Company LLC’s holdings in General Electric were worth $308,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Toth Financial Advisory Corp acquired a new position in General Electric in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of General Electric during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the 3rd quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Electric during the fourth quarter worth approximately $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

General Electric Stock Up 0.2 %

NYSE:GE opened at $204.03 on Tuesday. General Electric has a 1-year low of $108.60 and a 1-year high of $207.65. The firm’s 50-day moving average price is $177.41 and its 200-day moving average price is $176.54. The company has a market capitalization of $220.81 billion, a PE ratio of 34.06, a P/E/G ratio of 2.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts predict that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio is currently 18.70%.

Analyst Ratings Changes

Several equities research analysts have commented on GE shares. Melius Research upped their target price on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Sanford C. Bernstein boosted their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.